What is SimplyPay?

Written By Pia Samantha Del Mundo (Administrator)

Updated at May 19th, 2025

SimplyPay allows you to conveniently use your credit card to pay for expenses that typically require bank deposit payments, such as rent, business suppliers, tuition fees, and professional service fees. 

  1. Eligibility Requirements 
    1. The Cardholder must have an active and current Security Bank credit card.
    2. The total amount of SimplyPay availed ("Total SimplyPay Amount") should not be less than One Thousand Pesos (P1,000) for regular straight transaction and Three Thousand Pesos (P3,000) for installment transactions.
    3. The cardholder shall be limited to a maximum aggregate SimplyPay transactions amount per month of Php500,000.00
  2. Important Reminders: 
    1. Only the principal credit cardholder can apply for SimplyPay for all credit cards under their account (i.e. supplementary). Requests from supplementary cardholders will be rejected.
    2. The requested amount must be within your available credit limit.
    3. Beneficiary bank account should not be under the requesting cardholder's name.
    4. You can use this feature for:
      • Rent
      • Tuition Fees
      • Insurance Payments
      • Professional Services
      • Business Suppliers
      • Utilities
      • Hospital Bills
  3. How to Apply
    1. You can avail of SimplyPay anytime by clicking here